EUR/CAD – 30M – BUYThe pair Euro/Canadian Dollar (EUR/CAD) goes from the bearish trendline upwards
An ascent up to the next resistance level at 1.61196 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.60971 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which could be a positive chart signal. The currency pair could go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.61636 |
| 2nd High | 1.61253 |
| Next High | 1.61196 |
| Current Price | 1.61026 |
| Next Low | 1.60971 |
| 2nd Low | 1.60742 |
| 3rd Low | 1.60627 |
1.61196 – 1.61253 – 1.61636 – 1.60971 – 1.60978 – 1.6135 —
1.61196 – 1.61047 —
48.378427424225 – 38.828687392349 —
1.61196 – 1770796800 —
– 1770796800
Trading Signals: FOREX – EUR – EUR/CAD – CAD – – Double bottom chart pattern – – – – – – – –